The Economic Efficiency for the Higher Education System: An Econometric Model

By Claudiu Cicea, Ion Popa and Cosmin Octavian Dobrin.

Published by The Social Sciences Collection

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Article: Electronic $US5.00

According to the Larousse dictionary, the notion of “efficacy” refers to the characteristic of an economical good to produce the expected effect. At the same time, through “efficiency” we understand the characteristic of a thing to reach good results. From the analysis of these two definitions we have the classical vision over efficiency, according to which, its evaluation stresses on the registered effects without taking into consideration the efforts. This way to approach the efficiency is met especially in the social-cultural area, where the man is both the subject and the object of the respective activity. In order to better understand this concept, let us take into consideration the example of a medicine we tell about it is efficient. In this case, we are more interested in the effects we obtain by using that medicine (a better health) than in the efforts made by the society and individual in order to obtain that medicine. Gradually, once with the economical development registered at a world wide level, the efforts began to count in appreciating efficiency. This way appeared the systematic vision over efficiency, according to which its evaluation is based on the rapport between the effects obtained from the system and the consumed resources. Generally speaking, the “closer” the respective activity is to the economical area, the more important in appreciating the efficiency is the effect-effort rapport. At the same time, if the respective activity has great social implications, the accent will fall on the effect quantification (and eventually on the efforts) and less on the rapport between them. The model presented in the paper will evaluate the efficiency of the education activity (which belongs to the social area) using some specific feasibility indicators (which belongs to the economic area) : internal rate of return, cost / benefit ratio etc.

Keywords: Education, Eficiency Evaluation, Econometric Model, Feasibility Indicators

The International Journal of Interdisciplinary Social Sciences, Volume 2, Issue 4, pp.67-78. Article: Print (Spiral Bound). Article: Electronic (PDF File; 639.735KB).

Claudiu Cicea

University Lecturer, Economic Efficiency Department, Academy of Economic Studies from Bucharest, Bucharest, Romania

I am 31 years old and since 2003 I am a lecturer at the Academy of Economic Studies from Bucharest, the most important university in Romania, in the economic area. A) Key qualifications: Economic and Social Efficiency, Investment Evaluation, Synergetic Economic Systems, New Products Development, Feasibility Studies, Investment Resources Optimization. B) Research scientific projects : “Micro and macrosystemic efficiency in Romanian higher education activity” Project supervisor: Claudiu CICEA PhD.; “Investments in knowledge’s management systems”, Project supervisor: Florica LUBAN PhD.; “Synergy of Technical and Economic Systems”, Project supervisor: Ion VASILESCU PhD.; “Promotion Management of the Economic Higher Education in Romania, in the context of Knowledge’s Society”, Project supervisor: Ion VASILESCU PhD. C) International Experience : Research stage in Efficiency Evaluation – September 2006 University of Southern Denmark from Odense, Denmark; Research stage in Efficiency Evaluation – September 2002, Economic University of Geneva, Swiss; Research stage in Synergetic Economic Systems – May 2002, University Carlos III, Madrid, Spain; Research stage in Simulated Firms – August 2001, Centro di Formazione Professionale “CITTA DEL RAGAZZO”, Instituto Don Calabria, Ferrara, Italy. D) Publications : Over 20 articles, presented at national and international symposiums, about economic and social efficiency, investments, synergetic systems etc.; 12 books (single author or collaboration) dealing with efficiency in the economic area, case studies etc.

Dr. Ion Popa

Senior Lecturer, Management Department, Academy of Economic Studies, Bucharest, Romania

I am 35 years old and since 2006 I am a senior lecturer at the Academy of Economic Studies from Bucharest, the most important university in Romania, in the economic area.

Cosmin Octavian Dobrin

Senior Lecturer, Management Department, Academy of Economic Studies, Bucharest, Romania

I am 34 years old and since 2006 I am a senior lecturer at the Academy of Economic Studies from Bucharest, the most important university in Romania, in the economic area.

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